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Nov 15, 2017
IADC
GE-Baker Hughes
Houston Texas
Hyperdrill Summary Presentation
[email protected] www.hypersciences.com
RENEWABLE ENERGY IS INTERMITTENT.
It is also expensive.
TRAFFIC IS BAD. TUNNELING IS SLOW,EXPENSIVE & DANGEROUS.
CONVENTIONAL DRILLING
IS SLOW & EXPENSIVE.
BOTTLENECKS
1.) DRILLING2.) COMPLETIONS
TRANSPORTATION, ENERGY & NEW MATERIALS PRODUCTION
Focusing energy develops new oceans in
Packetized, Focused Energy. Intelligent Acoustics.
AEROSPACE
& Mat Science
3+ km/s
Impact DRILLING
Cnventional &
Geothermal “Anywhere”
2 km/s (4500mph)
DIGITAL MINING
SAFE TUNNELING
& PILING (1.5 km/s)
No Exposives
No rotation
HYPERCORE ™
© 2017 HyperSciences, Inc
WE PUT HYPERVELOCITY TO WORK.
Simple Chemical Energy -> Kinetic Energy -> Work
Industrial. Scalable.
Hyper-projectile technologies.
Confidential © 2017 HyperSciences, Inc
Industry /Market Problems:
Low commodity prices. Hard rock.
Deep & expensive resources.
Market priority: Efficiency & Cost
Underground Mining
Tunneling
Energy Drilling
Infrastructure
Industry /Market Problems:
Low commodity prices. Hard rock.
Deep & expensive resources.
Market priority: Efficiency & Cost
Materials Production
(Mining & MatSci)
Tunneling
Energy Drilling
Infrastructure
Breaking thru Rock with the
Power of HyperVelocity
HyperCore™
A New Engine. High Impact Platform Technology
Piling Mining Energy Drilling Tunneling
New Materials(Abrasives &Super Conductors)
“GAS-POWERED RAILGUNS”TUNNELING, PILING, DRILLING DEEP GEOTHERMAL, MATERIAL SCIENCE
© 2017 . HyperSciences Inc. HSI-003
Generate
pressures that are
order of
magnitude
greater than rock
strength
World’s fastest commercial projectile technology: Mach 4.5+
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
0 500 1000 1500 2000 2500
Pre
ss
ure
(p
si)
Projectile velocity (m/s)
Typical rock
strength UCS = 35 kpsi
Dynamic pressure = 4600 MPa
10-100x rock strength = New way to break rock
Impact pressure
>10-100x rock strength
m/s
13
HOW: Focused Energy: Short, Extreme Pressure Impacts
700
1400
2100
2800
3500
4200
4900
5600
Short-Impact Pressure 10 – 100 x material strength
14
Rock Breaking Efficiency: Hydro-Elastic Impact
• Energy: E = ½M𝑉2 (Joules)
~1MJ: 700 grams @ 1650m/s
• Power: P=E/dt (Watt)
~350 MW (.003 sec)
• Impact Pressure = ½r𝑉2 (Pa) [psi]
~4000 MPa
~ 500 Tonne-Force
• Break Rock:Variable: Mass, Velocity
5X-10 X Faster, 30-80% lower cost
15
The Physics of Hyper Impact
Pile Driving & Foundations
• 10 X Faster Pile Driving / Foundations
TUNNEL 5X FASTER.30% LOWER COST.
DRILL 10X FASTER & DEEPER. EXTREME LOW COST
PROVEN with SHELL.
Confidential © 2017 HyperSciences, Inc
HOW: Hydro-Impact Projectile Near-Surface impact Mach 6 (2 km/s)
18
HYPERDRILL™ ENABLES ENERGY ANYWHERE™Our Patent-Pending Silicon TEG Plant
is Moore’s Law for Geothermal.
• NEW ENERGY• $2.5M / MW INSTALLED• $.05 / KW-HOURPLANT SIMPLY SCALES
Confidential © 2017 HyperSciences, Inc
Our Geothermal and HyperDrill™ technologies were sponsored & funded in-part with Shell Game Changers™ ProgramGraduate
COMMERCIALIZATION PATH:
Tunneling & Piling-
Conductor Casing
HyperDrill™ Field Trials Energy Anywhere™ Geothermal
Large Space Launch
Confidential © 2017 HyperSciences, Inc
P2S: Aerospace
Hyper-Drilling and Tunneling
Market priority: Efficiency & Cost
• Low commodity prices. Hard rock.
• Deep & expensive resources.
HyperSciences Solution:
• Mature industrial-aerospace technology.
• V2 Power of extreme velocity to break and pulverize rock
• Radically changes the economics of breaking & Pulverizing Rock.
Platform Technology: Aerospace and Natural Resources
Low Cost Projectiles at Hypersonic velocities break and pulverize rock
3-1
0x
RO
P
Hyper-
Performance
Zone
Hole Depth (ft.)
Proven.
Patented & Patents Pending
HyperDrill™: Quantum Leap in Depth, Time & Cost.
Phase 2 Test Data
Augmented HyperDrill™: Guaranteed performance
Patented & Patents Pending
Key Advantages:
• Lower Bit Count & Trips• Save up to 50% Rig Days/Cost• Complete compatibility• Fast !
Key Use Cases:• Chirt & Variable rock• Deep• Hard Rock
Confidential © 2017. HyperSciences Inc.
PURE HyperDrill™ = No rotation required ! 10X+ ROP
Patented & Patents Pending
Key Advantages:Hyper-projectile does all the work • Eliminate Bit Count & Trips• MonoBore to TD if desired• Save 80% Rig Days/Cost• Rig compatibility• Steerable
Key Use Cases:• Granite/Basalt• Chirt & Variable rock• Deep• Hard Rock• Geothermal
26
• Shell Game Changer
2.5 yr Funded
• Proven Technology
High Pressure Demo Tests
100’s tunneling field tests
• Independent econ analysis:
$15.5 Billion dollar value in drilling
$100’s M + annual revenues
• Field trials now -> 12 months
• Steerable. 3-10x ROP
HyperDrill™ Technology Unlocks Deep Energy
Patented & Patents Pending
Aug. HyperDrill Technology Overview
Diesel/air HyperCore is integrated in the BHA, Similar propellants as diesel engineDriver Tech
Driven TechComposite projectile is designed for high density to maximize dynamic pressure but will erode at impact.
PerformanceProjectile impact creates crater, weakens rock, and creates fractures, improving ROP by 5-10x especially in hard rock and high pressure conditions
Bit
Motor
Section
MWD /
Control Sub
Projectile
Sequencing
Minimum Viable Product Downhole Tool Design
Tool Features:
• 3-5x ROP Improvement
• Drop-in compatible with existing drilling technology
• Augmented HyperDrill –HyperCore gun integrated into rotating drill bit
• BHA features• Bent sub steering to 15
deg/100 ft28
O&G Drill a Well on Paper Summary: $1- $4M per well net saved w/ Aug HyperDrill
• Europe: $4.6MM (38% of Combined Sections Drilling Costs) per well net savings to operator• Expected 10-12 well program = $50MM savings
• Oman: $1.35MM (47% of Combined Section Drilling Costs) per well net savings to operator• Expected 60-100 well program = $105MM savings
• Performed economic analysis for another Major IOC company – confirms our results.
29
• Drill horizontal hole• Commission prototype at MineLab silver mine (N. Idaho)
• Simulate drilling at depth• Conduct test shots using stressed rock targets (simulated pressure environment) SWRI
• System integration• Evaluate solutions for HSSE, blowout prevention, cuttings removal, cementing, casing, etc.
• Define MVP (Min. Viable Product)
• Down-hole tool & Drill well on paper excercises to support Series A due diligence (September 2016)
• Oil & Gas Engineered Geothermal – New Energy Opportunities
GameChanger
PHASE 1 PHASE 2
“Feas. Study: Drill Hole On Paper” report (DWOP)
Drill actual hole based on Phase 1 findings
PHASE 3
Down-hole MVP tool design. OG&Geo DWOP
30
Shell Contract / Path
Proof PointsHypervelocity Testing Rock Impact Testing Model Correlation
Hydrocode models predict penetration characteristics and have been calibrated by Shell experiments. ROP proof.
Hundreds of tests done in rock types of interest at downhole conditions (saturated samples under confining pressures > 3000 psi)
Thousands of hypervelocity experiments completed by HSI team.
Bore sizes: 0.5”, 1.5”, 4”Most experiments done in 1.5-2.7 km/s range
Damage Zones Details –Computational MSE ROP Models
32
Ah
Ab
Ai
There are three zones in the hole bottom post-shot:1. Intact rock2. High porosity (weakened)
rock 3. Crater
CTH Model
HSI/SWRI Test
Extreme Impact. High Value.
Hypervelocity.
A revolutionary
technology platform
Disruptive Innovation Paradigm shift: Pulverize hard rock. New Materials
Multiple Industries Drilling, Civil Tunneling, Mining, Material Science, Aerospace
$ Billion Markets TAM estimated at over $5 billion/year
Seeking JIP Partners & Series A investment
Non-equity Joint Industry Project Partners
$250k minimum, applied as project specific
• HyperDrill Field Trials ($2.5-3 M, 3 phases )
• Phase 1: $450k phase w/ Matched $450k 4.5” Hole
• Phase 2: $1.25 M 8-12” Hole
• Phase 3: $ 500k 8-12” at 2000 ft section field trials
O&G Drill a Well on Paper Summary:$1- $4M per well net saved w/ HyperDrill
• Shell Project 1: > $4 MM • (38% of Combined Sections Drilling Costs) per well net savings to
operator
• Shell Project 2: > $1.5MM • (47% of Combined Section Drilling Costs) per well net savings to
operator
• Performed economic analysis for another Major IOC company – confirms our results.
34
• Technology basis mature and demonstrated
• MVP design complete & vetted by Shell and another Major• No Technical show stoppers• Risks identified and plan to test/mitigate identified• Series A ask focused on proof well demo
• DWOP Oil & Gas shows game Changing economics for operator• Europe: $4.6MM (38% of Combined Sections Drilling Costs) per well net savings to operator• Expected 10-12 well program = $50MM savings• Oman: $1.35MM (47% of Combined Section Drilling Costs) per well net savings to operator• Expected 60-100 well program = $105MM savings
• Large opportunity Deep / Hard Rock • $15 bn (10 year)
35
HyperDrill™ Summary
36
Value: $15+ Billion
DWOP Oman HyperDrill™ 8-3/8” Hole Section – Conventional Rotary Baseline Data
37
• 981m interval
• 6 bits• 4 PDC
• 2 Impregs
• ROP = 3.2 m/hr• ~300 drilling hours
• ~18 days drilling + tripping
• UCS 35 – 65 ksi
• Temp 320 – 356oF
• MW = 14.1 – 14.4 ppg (OBM)
• Data provided by Shell via Email• K5 Bit Record
DWOP Oman 8-3/8” Hole SectionHyperDrill 3-5x improvement
38
Ah
Ab
Ai
HyperDrill™ 8-1500-S1500m/s3”, 27 gram darts 0.7” ID BarrelSteering
3.5xROPFactorSavings=
$992,000,48%
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
2.0x 3.0x 4.0x 5.0x 6.0x 7.0x 8.0x 9.0x 10.0xROPFactor
CostSavingsPerSec onofConven onalDrillingAFE
1xROP=3.2m/hr981msec on
DWOP Oman8.375” Net Savings - $625,000 - $1,200,000 per section
39
Nominal Net Savings: $992,000Minimum Net Savings: $625,000 (ROP Factor Variation)Maximum Net Savings: $1,200,000 (ROP Factor Variation)Summary: Slower conventional drilling and higher HD Performance = higher potential HyperDrill savings
No savings from increasing gun hours – already finish hole in < 133 hours
DWOP Oman HyperDrill™ improvment8.375” Gross Savings - $1,40,000 - $2,140,000 /section
40
Nominal Gross Savings: $1,615,000Minimum Gross Savings: $1,430,000 (Rotary ROP Variation)Maximum Gross Savings: $2,140,000 (Rotary ROP Variation)Summary: Slower conventional drilling = higher potential HyperDrill savings
No savings from increasing gun hours – already finish hole in < 133 hours
-$500,000
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
NetSavingsRangefor8.375"Sec on
DWOP Oman HyperDrill™ improvment8.375” Section – Net Savings, Nearly Every Scenario
41
Nominal Savings = $992,000
Stacked worst case scenarios
DWOP Oman HyperDrill™ improvmentDays vs. Depth Europe – days saved
42
HD Days Saved (12.25” + 8.375”)
HD Days Saved(8.5” Section Only)
JIP’s Joint Industry Projects / SERIES A Series B
2017-2018 2018-2020 2020-2023
HyperDrill JIPs and Hyper Tunneling
• Mature Technology
• Integrated Solution
• Revenue
• Baseload Power• Large scale facility
• Fully integrated
• Cost savings
• NPV/IRR increase
• Faster access
• Hard rock drilling
• Oil & Gas
• Geothermal
• Access enabler
• Mature product
• Reliability will be key
Energy Anywhere Geothermal
HyperDrill™ Field trialsBoth with same HyperCore™
Patented & Patents Pending
Commercialization Path –All Use HyperCore™ Engine inside
44
HTBM™: Hyper Tunnel Boring and Mining
HyperDrill and HTBM: 38mm HyperCore™
© 2017 HyperSciences, Inc
46
Deep. Energy Anywhere.
HyperDrill™ & Scalable Geothermal Power
47
Inner Pipe
TEG PIPE
COTS
Thermal
electric
generators
(TEG)
Temperature
difference
directly into
electric
power.
No complex
turbines
required
Patents Pending
Geothermal Anywhere™. HyperDrill AI™ continuous microseismic
Fast Drilling, Intelligent Completions & Silicon TEG plant
Moore’s Law for Geothermal
Geothermal Anywhere™. HyperDrill AI™ continuous microseismic
Fast Drilling, Intelligent Completions & Silicon TEG plant
49
• Shell Game Changer
2.5 yr Funded
• Proven Technology
High Pressure Demo Tests
Fiber Optic Acoustic “Tomography”
100’s tunneling field tests
Steerable
• Independent econ analysis:
$15.5 Billion dollar value in drilling
$100’s M + annual revenues
HyperDrill™ Technology Unlocks Deep Energy
Patented & Patents Pending
• Technology basis mature and demonstrated
• MVP design complete & vetted by Shell and another Major• No Technical show stoppers• Risks identified and plan to test/mitigate identified• Series A ask focused on proof well demo
• DWOP Oil & Gas shows game Changing economics for operator
• Large opportunity Deep / Hard Rock
• JOIN OUR JOINT INDUSTRY PROJECT
50
HyperDrill™ Summary
OUR TEAM: Funded, Built several $16-$100MOil, Gas, Mining & Tech Companies. With exits.
DISRUPTIVE INNOVATION
MULTIPLE INDUSTRIES
BILLION $ MARKETS
TECHNOLOGY DEMONSTRATION PLAN:
• MICRO-PILING
• HYPER TUNNELING
• HYPERDRILL TRIALS
• CUSTOMER ACQUISITION / PARTNERSHIPS
Confidential © 2017 HyperSciences, Inc
Seeking Series A Investment & JIP Partnership
CONTACT INFORMATION:
FOR FURTHER INFORMATION,:
Mark Russell, CEO+1 (509) [email protected]
Confidential © 2017 HyperSciences, Inc
Notice to prospective investors
The information in this document is confidential and is being furnished to prospective investors solely for their confidential use in evaluating a potential investment in HyperSciences and/or Inc (the “Company”). By accepting receipt of this document, the recipient agrees (i) not to furnish this document to or discuss its contents with any other person, (ii) not to use this document or any information herein for any other purpose and (iii) to return this document to the Company upon request. This document does not constitute an offer to sale or a solicitation of an offer to buy securities of the Company in any jurisdiction where, or to any person to whom, such offer or solicitation is unlawful. An investment in the Company is speculative and involves a high degree of risk. Any of a number of potential risks, including those relating to a limited operating history, history of losses, product development, customer acceptance, sales and marketing execution, scaling operations, intellectual property rights, retention of key management, competitive conditions, market and general economic conditions and ability to obtain financing when needed, could have a material adverse impact on the business and prospects of the Company. An investment in the Company should be considered only by investors able to bear the economic risk of their investment for an indefinite period of time and are able to withstand a total loss of their investment. The offer and sale of securities by the Company pursuant to this document has not been registered or qualified under any applicable securities laws and the Company will issue securities in reliance on exemptions from such registration and qualification requirements. Any such securities will be subject to significant restrictions on transfer under applicable securities law and the transaction documents. There is no trading market for any of the Company’s securities, and none may ever develop. This document contains forward-looking statements that are based on the Company’s beliefs and assumptions and on information currently available to the Company. Forward-looking statements include plans, market size, competitive position, industry, potential growth opportunities and financial metrics and projections. Forward-looking statements speak only as of the date they are made. They also involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. We make no express or implied representation as to the attainability of the financial projections contained herein. Moreover, the Company does not intend to update or otherwise revise forward-looking information contained herein to reflect events or circumstances after the date of this document.Information in this document about our industry and the market in which we operate is based on information from various sources, including independent industry publications and internal estimates and analyses. In providing this information, we have made assumptions based on such data and other similar sources and on our knowledge of, and in experience in, the markets in which we operate. The Company has not independently verified the accuracy or completeness of any third-party information. The market information in this document involves a number of assumptions and limitations, and actual market information may be significantly different than the information in this documents. You are cautioned not to give undue weight to such information.This document and the other information furnished to a prospective investor does not contain all of the information that such investor may consider relevant in making an investment in the Company. Any summaries of agreements of documents are qualified in their entirely by the complete text of such agreement or document. Each investor must conduct and rely upon its own evaluation of the Company in making an investment decision.Prospective investors should not construe any information in this document or any statements by representatives of the Company as tax or legal advice. Each investor should consult with its own investment, legal, tax or other advisors.
Confidential © 2017 HyperSciences, Inc
Thank You !
55
For further information, please contact:
Mark Russell, CEO
+1 (509) 994.8577